america demands compromise, on growing the economy and avoiding the fiscal cliff. the president today hosted an old fashioned lefty summit filled with labor chiefs and foreign liberal groups. he went to them ahead of business and the politicians are going to come later on friday. they are going to consider mitt romney's plan. he lost the election but might his ideas win out in the end? plus obamacare, continues to take it's toll on jobs. and one ceo's comments about it's plan are spurring a national movement to eat pizza. 48 days until the biggest tax hike in the history of the planet earth. president obama put labor and local interest groups to who knows what. senate minority leader had the perfect response on the senate floor today please take a lis ebb. >> the amount of revenue that they are prepared to put usual over the cliff over wouldn't fund the government for one week. so why in the world would we want to do that? what is the point? to make people feel good about whacking somebody else. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at

frighten something that? >> what's more frightening is what's happened to our economy. we lost 5 million jobs in four years and we've seen the number of people on food stamps and disability about up by 22 million. that's unsustainable. >> this is is this the worst position we've been in as a nation? >> no. there's the call for optimism. 1980, our economy was worse. the difference between now and 91980 is we turned out an incumbent president and elected possibility some people voted twice. while the st. lucie canvassing board was to recount all 37,000 early votes at 7:00. they announced the recount will only involve the last three days. west trails the democratic changer patrick murphy. murphy claimed victory by 2,442 votes. just over the amount needed for automatic recount. more on this and the whole election next week from illegal voting in ohio to voter fraud which cost a congressional seat in texas. our address is voterfraud@foxnews.com. >> newdevelopmentsfollowingfrom t hewreckageofsuperstormsandy. it'snotgettingeasyer. >> janet napolitano will head to new york city and get a look at

folks in washington, how to fix the u.s. economy. with just 51 days until the so-called fiscal cliff, will president obama and congress be able to bridge the divide and find a solution? cnn's athena jones takes a closer look at what's at stake. >> it's time to get back to work. >> reporter: with the election in the rear view mirror, the focus in washington is back on efforts to avoid the economically devastating fis cat cliff. if we just go over the cliff and let those policies stake in effect, we're basically going to undo the recovery. neither party wants to be blame for that. the cliff amounts to $7 trillion in cuts and tax increases over the next decade. the threat of these painful cuts set to begin on january 1st is part of the deal the congress and the president made last year to force them to agree on a long-term deficit reduction plan. >> this is an unprecedented scenario that congress has basically put a gun to its oven head who's said if we don't act, we're going to shoot ourselves. >> so far that long-term plan hasn't materialized. the biggest chunk? the bush-era tax cuts.

. after that the president will meet with several ceos to talk about the economy and the deficit. he will then meet with congressional leaders on friday. there 48 days to come tax increase and deep spending cuts would take affect. of course abc 7 oppose a lot coverage of the news conference starts at 1:30. our senior reporter scott thurman will be there. watch for his report tonight on abc 7 news at 5:00 p.m. the david petraeus scandal sure to cause some questions for the president. and the woman at the heart of this scandal. >> in new developments as we wait for the president to speak on the issue we learned, david petraeus will testify about the attack there in libya, no date has been scheduled. much of the focus remained on his personal life and the affair that brought down his cia career. >> on capitol hill congress is hoping to learn more about the widening scandal involving david petraeus and general john allen. lawmakers want to know if his affair was with paula broadwell. or a female extenders' created any threat to national security. >> it is very important that they do look into

economy of tax increases and automatic spending cuts. besides avoiding the fiscal cliff, they have a half dozen hearings on the resignation of david patraeus. and the attack on the u.s. consulate in libya. >> happening now, the murder trial of a buoy state university student. opening statements set to begin in a half hour. alexis simpson is accused of killing her roommate. killed her last year after the two argued over music played on an i pod. if convicted, she faces life in prison without parole. >>> another case we're following former dc council chairman kwame brown will be sentenced in court later today. bank fraud and campaign finance charges. separate sentences for both. melanie is live this morning with details. good morning. >> reporter: good morning. all of this is going to play out in two separate court houses because he's facing charges in two different jurisdictions. one, the bank fraud charges is a federal case and the other is a campaign finance charge. suggesting in the bank fraud case a 6 day jail term. but could be much longer in the campaign violation case, that sec

video from the event in september in chicago. today, more than 30 teams will push their economy transportations off a 30 foot high platform. flutag means flying day in german. the first u.s. event happened in san francisco 10 years ago. and i would have to say it's another one of those situations where people with too much time on their hands. i don't know. >> build something, and dump it in the water. what better way to spend a weekend. >> yeah, yeah. >>> good to see you ms. m. how are you? >> yeah. we're glad you're back this weekend. >> it's chilly around the bay area. we have frost advisories posted. let's go out and see exactly what's happening. temperatures diving down so that the national weather service at 3 in the morning said well, let's post a frost advisory. first of the season, the north bay is mostly susceptible to this. it's only posted through 8:00, but these are the coolest temperatures of the day. an hour after sunrise you can get the coldest temperatures of the day. at the moment we're ranging between 29 and 34 in the north bay. so protect your plants and pets

legalize gay marriage. tomorrow the bishops considers making a statement on the economy. >> people gathered to pay tribute to our veterans in the third annual veterans parade that began on charles street at 10:00 this morning. several organizations were involved, including the buffalo soldiers and members of the rotc. those who fought in wars past said they were pleased with the turnout and enjoyed reminiscing with fellow veterans. >> just reminisce. go back in memories and think of all the ones that did not make it back. >> it gives me a warm feeling inside to know that people still remember. >> very proud of everyone who was actually served and to our guys overseas. i am encouraged and out here supporting them as well. >> today's parade ended at war memorial plaza where a service was held. >> the i.t. exposed the house scheme that city inspectors say put tenants in danger. >> barry sims texas inside. >> she shared the space with her two daughters. >> this is actually my room. the living room here, this was the living room. they built this wall here. this is where i sleep. there i

for the economy. the minimum wage hike takes effect next year. >>> another game went to overtime tonight. did it end in a die? will alex smith play next week? that'll be coming up next. with over 200 varieties, keurig makes brewing a delicious cup of coffee simple. how does it brew such great coffee? well... inside the brewer are these green fields of coffee, and if you travel up this mountain, there's this huge coffee grinder. and then the coffee lands in this cup and water rushes through. actually, i just press this button. brew what you love, simply. keurig. to a tastier festive feast. so much to sip and savor. a feeding frenzy, to say the least. a turkey from safeway will have everyone raving. there's fresh, natural, frozen, whatever your craving. spend $25, and get a frozen safeway turkey for 59 cents a pound. or spend $25, and a frozen butterball turkey, just 99 cents a pound. so raise your glass, pull up a chair, grab a plate. this tastier thanksgiving is well worth the wait. safeway. ingredients for life. 49ers quarterback alex smith status against chicago next monday nig

economy will surely go back into recession. >> we'll also find out if nancy pelosi is going to stay on as minority leader. came leader ten years ago today. last week democrats failed to win enough seats to take back the house. she says she'll make the announcement about hers morning. >> and happening now on capitol hill, massachusetts congressman is holding a news conference on the meningitis out break. calling for tougher regulations for compounding pharmacies. a house subcommittee will hold a hearing on whether the out break could be prevented. 32 have died after receiving tainted steroid shots. >> also happening now, the call for another tobacco tax increase. holding a news conference. wants a $1 increase on the tax. law maker as prove doubling the tax to $2 in a 2007 special session. law makers also approve tax increases on tobacco products earlier this year. >>> also changes coming to maryland live casino. casino officials will today outline plans on how the layout will be changed to make rooms for open table games. more than 125 tables could be added. >> former dc council man kwa

revenue. >> and our economy for the insurance that would be bought for the cars. and now cars would be bought because people would be more confident in doing that. it is a big impact. >> a similar licensing system is already in place in utah and new mexico. both states have seen deadly crash rates go down. still to come this midday .... tom skilling has your full forecast! thank skin and is upon us and we're headed towards a warm-up. >> if the temperature works just right, we might have a 60 degree thanksgiving. it that's the case that would be the first time that has happened here in 14 years. we shared with you in recent nights, some northern lights news and i wanted to share these to incredible shot from unison michigan. sean is a photographer there and look at that shot. this one is really stunning. this was the night before last. we had some interesting event going on on the astronomical front. back here we have some high clouds and mid-level clouds filtering the sun. they are working on limited moisture. they cannot totally blocked the sun. we are warming up. it is a very slow pr

the u.k. economy they have billions of pounds worth of turnover the but it looks like they pay very little corporation tax to show for it and now employees are outraged by the fact that through very legal loopholes these companies that they say are acting in an immoral way are managing to dodge millions and billions of pounds worth of tax every single year and they want to try and put a stop to it now what about i mean the companies we talk about this being called it moral just how did the companies money used to contribute so little or nothing to the treasury without breaking the law so certainly a big mystery well it's all a case of financial trickery rory it's about getting clever accountants that find countries with more favorable tax rates to base a u.k. headquarters and so for example google base themselves in the republic of ireland that's way that that's where they sell their advertising space from starbucks abased in holland and amazon based in luxembourg so they manage to pay very little taxes through channeling their revenue through these countries or thoughts of public r

growing the economy. >> we have a jobs crisis. >> we're going to create one million new manufacturing jobs. we're going to train two million workers. >> the answer isn't government. the answer is more good jobs. >> what happened to jobs? when are we going to talk about jobs? >> it's really funny because during the campaign trail, both romney and the president they voided the whole fiscal cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longer. thank you. >>> up next, bizarre doesn't cut it. a shirtless fbi a

the money. market why not. come to. find out what's really happening to the global economy with mike's cars are there are no holds barred look at the global financial headlines. as a report on our. browsers. i miss it and. my daddy. does a famous phrase. ransom business. he . welcome back here with our german chancellor angela merkel received a hostile welcome in portugal has hundreds of angry protesters agreed to her in lisbon they blame the chancellor for their country's a stair to drive resulting in painful cuts and tax rises as sarah first reports many wonder why board tical is following a path which is yet to reap rewards elsewhere. these measures have been killing is doing to give us no future it's only for cattle and employment and misery so many people are becoming desperate but it's almost like a visceral reaction a visceral reaction to these measures people of god getting angrier and angrier angela merkel says it supports the goal may have been bent as a sign of support but it seemed only to serve to highlight the. protestors message loud and clear way testers standing

republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you'll see the anxiety and nervousness growing in the markets and corporate boardrooms. it's going to be a rough for months. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity as they struggle to rebuild. a 77-year-old man has died of injuries from a fall as sandy hit new york, bringing the city's death toll to 43. janet napolitano visited with disaster relief workers in new york, reaffirming her commitment to be with those in need for the duration. >>> now for a look at your national and regional weather, here is bill karins. very good morning to you. >> you have a good weekend? >> i did. it was nonexistent. it's coming up, actually. >> i understand that. some of us work weekends every now and then. here's what we're looking at today. big temperature c

come to. find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune in to kaiser report on our. mission would be soo much brighter if you knew about someone from funniest impressions. who for instance on t.v. dot com. again more heartache for washington having lost the director of the cia to an affair last week it now risk losing his top commander in afghanistan two to the same scandal general john allen has been accused of sending inappropriate e-mails to jill kelley one of the women whose implication led to the downfall of one of america's most distinguished officers of his going to church he can now with more on the passions at the pentagon. this scandal is just getting worse and reminds more of a t.v. drama possibly with many episodes the latest episode of the investigation into the affair between former cia director general petraeus and his biographer is the revelation of another extramarital affair now between the top american and nato commander in afghanistan general john allen and a woman name

. >> obama: well, two years ago the economy was in a different situation. what i said at the time is what i meant, which is this was an one-time proposition. >> cenk: so there you go, the bush tax cuts for the rich are going away, no question. yeah here comes the bad news. later in that answer he did have a lot of caveat. let's watch that. >> obama: i think we can simplify our tax system, make it more efficient eliminate loopholes and deductions that have a distorting affect on our economy. i believe that we have to continue to take a serious look at how we reform our entitlements. >> cenk: all right, two huge problems. once they start talking about loopholes and deductions, that means maybe the rates stay where we are we take away some loopholes and deductions yeah, that's what we do. that's the ticket. the second part? indictmententimes, i'm coming for you. they asked jay carney, hey this $250,000, people making above that they're going to have the tax increase right right? aah, maybe maybe not. >> how open is he to the notion that has been put forward by tim kaine that maybe you make the

-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> he was the undisputed king of pop, michael jackson, voice behind the best-selling album of all time who set the stage for pop music, left a lasting imprint on generations of performers, but despite the late singer's unparalleled talent, jackson's legacy was tarnished by addiction. his loneliness, the ultimate scandal and now a revealing new book is shedding fresh light on his private struggles, so here's abc's nick watt. ♪ thriller >> there hasn't been anyone that famous in a single moment as he was during "t

him on issues vital to all americans, national security, economy and taxes, but others did not. >> what specifically do you plan to do in the secondtorium tackle the issue of climate change? a do you think the political will exists in washington to pass legislation that could include some kind of aa tax on carbon? >> you know, mark, we can't attribute any particular weather event to clim climate change. >> well, i guess he is giving up on climate change. this is a big change from four years ago when the president said this is the moment when the rise of the oceans will me gin to slow an our planet will begin to heal. what do you think? >> greg: he said you can't attribute any weather event to claims change and then he doubles down on programs and things to fight climate change. it's like when they say that gun ownership, studies will show that gun ownership doesn't lead to gun crime but they advocate gun control anyway. facts don't matter. we talk about this through hurricane sandy. the left has been using disaster catastrophe because you don't let one go to waste. to push prog

their outrage at rising unemployment figures the euro zone's third biggest economy has been hit hard by the debt crisis now italian authorities are pointing the finger at ratings agencies for sending the economy into chaos prosecutors are seeking trials for a number of officials from standard and poor's and fitch analysts power for us as far as are often meddling where it should. be one thing which is very much public and. therefore it could be. some kind of. free. market. as bankers are also taking the flak for europe's economic woes makes geyser and stacy herbert reveal how some in charge were never destined for a career in finance a full program is coming up later today. this is a female banker in spain the bank key a banker who didn't understand anything a former director of the banking giant whose implosion for spain to seek one hundred billion euro bank bailout has admitted she doesn't know anything about finance and she said in testimony before criminal court in madrid that she had qualifications and chemistry just like she didn't know anything about banking so don't sue. is this

. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> let's check up on another stories we are following. >> according to reports, former gop nominee, mitt romney is blaming this loss on gifts to my norities and voters saying they were quote very generous. a jury has indicted new york nanny on first and second degree m

budgets are triggered. they estimate that would cause the economy to take a significant hit, raising unemployment to 9.1% by the end of next year. but the real political sticking point is taxes. the president called on congress to make tax cuts for people making less than $200,000, and making less than $250,000, and drew a line in the sand. >> i refuse to accept any approach that is not balanced. and on tuesday night, we found out the majority of americans agree with my approach. >> reporter: the president was referring to the tuesday exit poll which indicated nearly 60% of voters would support higher taxes on the wealthy.çó and while john boehner hinted at some taxes going up, he also listed some conditions. >> and it is not like there is money in social security or medicare. this has to be dealt with, so everything, everything on the revenue side and on the spending side has to be looked at. >> reporter: now brian, the white house says that social security shouldn't be a part of these negotiations. but i can tell you, republicans won't participate if social security is not. >> al

what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to kaiser report on our. resistance politics but a culture. is couldn't speak against. its own. cultures of resistance on marketing. download the official application to cellphones choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its he only needs your mobile device to watch ati any time. you're watching are the live from moscow now the fog from cia director dave the trances resignation continues days after the decorated military chief stood down following an extramarital affair the scandal now widens with an investigation launched into the current commander of u.s. and nato troops in afghanistan according to the pentagon general john allen has been exchanging inappropriate e-mails with a woman whose earlier appeal to the f.b.i. ultimately led to the trestles downfall concerns are also mounting that what first appeared to be a personal matter could have more to it including security leaks

careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ can you start the day the way you want? can orencia help? could your "i want" become "i can"? talk to your doctor. orencia reduces many ra symptoms like pain, morning stiffness and progression of joint damage. it's helped new ra patients and those not helped enough by other treatments. do not take orencia with another biologic medicine for ra due to an increased risk of serious infection. serious side effects can occur including fatal infections. cases of lymphoma and lung cancer have been reported. tell your doctor if you are prone to or have any infection like an open sore or the flu or a history of copd, a chronic lung disease. orencia may worsen your copd. [ male announcer ] now learn about a program committed to you a

abroad people with the motor of the economy are people with a lot of property but perhaps with an education perhaps with ambition as well we need to keep them in the country you have to face a life of living in london on a very small with a gross wage maybe even small of our taxation to a mic wage. which we fail as a country and perhaps some sort of system of graduated tax allowances might help us cope perhaps most alarming for the politicians who office findings that the majority of the people that opt out of think you take rat race do so also when the overall lifestyle choice signalling and see this intense with living standards here in britain that's not what. we call a national government to slow things for me consider moving abroad to avoid big government slacking off and taking away the good things from the people that earning a little bit more even though it's through hard work and dedication over here is that you work until you drop that they don't want to reward us so what's the point of continuing companies are already complaining that they find it hard to find a highly

economy. this is going to be helpful. call or come in today. fidelity investments. turn here. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> breaking news in china. the chinese communist party is about to announce a new leader for the first time in ten years. it is expected he will take over, but much of the announcement has been shrouded in secrecy. what do you know about him, he sort of controls how much we pay for our mortgages. >> you know, he's a bit of a mystery man. you talk about the party being shrouded in secrecy. this is a man who disappeared for almost two weeks just a couple of months ago and no one knows where he went or why. there are rumors he might have had a heart attack. he's risen through the party by keeping his views to himself. he's the son of a revolutionary figure in china. what he has had to say in the past

stepped out to talk about the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the american people voted for action. not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. >> no heavy hand, no arrogance whatsoever. if there's one word to sum up the president's presentation today, it's this. consistent. the guy who gave the speech is the same guy who we watched on the campaign trail for the last seven months. americans want cooperation when it comes to a deal on the united states economy and the president is delivering his side of the bargain. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. tha

income levels. these two thing will coincide to basically push the u.s. economy into a recession unless congress does something about it. >> so remember that game on "the price is right" when the contestant had to avoid the guy going over the cliff, cue up the music, folks. going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the deficit improves by $607 billion. it would go down almost 40% but come at a hefty price. the economy would go over the fiscal cliff, sending the economy back into a recession. budget office projecting the unemployment rate could jump to 9.1% by the end of the year and that economic growth as well could shrink by half of

-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. plo. >>> shakeups and shakedowns. we can expect some president obama has invited congressional leaders to the white house next week to try top find some common ground on a drastic budget cuts set to take effect january 1st. while they are pledging compromise, both seem to be digging in on the bush tax cuts. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. on tuesday we found out that the majority of americans agree with my approach. democrats, independents, and some republicans. >> instead of raising tax rates and accepting the damage it will do to our economy, let's start to solve the problem. let's focus on tax reform, that closes loopholes and lowers tax rates. >> let's bring in reed wilson. good afternoon to both of you. >> good afternoon. >> let me start with you. are we in for a new era of cooperation? is the end to the gridlock behind snus. >> well, i think it's a little too so

did change at the top when they said they challenge is facing defines a growing economy and what the country's new leaders kind of time called on. also later as the occupy movement battles to keep its message in the headlines were pulled from the creative side being shunned by activists. the sex scandal that shocked america and led to the downfall of cia chief david petraeus has now also tried to in the country's top commander in afghanistan their story involving two of the country's most influential military need is could hardly come at a worse time it's unfolding just after bronco bamma won his second term in office while u.s. troops are struggling in afghanistan and she's going to check out looks at the twists and turns in the unraveling saga. this channel is just getting worse and reminds more of a t.v. drama possibly with many episodes the latest episode of the investigation into the affair between former cia director general petraeus and his biographer is the revelation of another extramarital affair now between the top american and nato commander in afghanistan general john al

common ground. >> well, clearly the deficit is a drag in our economy and we can't continue to spend money that we don't have. i don't want p to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president but this is his opportunity to lead. >> i want to be clear, i'm not we hadd wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to accept any approach that isn't balanced. >> joining us now is a man who knows all about bipartisanship and compromise. former senator george mitchell is joining us. you were majority leader from 1989 to '95 during a time when senators and house members were actually friends. and i mean those on opposite sides of the party. so do you think the president and the house speaker's words this go around really will lead to some compromise or has a new page been turned here? are you encouraged? >> i'm hopeful about it. the day i was elected majority leader, the first person i called was bob dole, a republican